Peering Into Uber Technologies's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Uber Technologies (NYSE:UBER) has seen a decrease in its short interest by 11.84%, with 43.80 million shares sold short, representing 2.16% of its float. This is lower than the peer group average of 9.64%. The decline in short interest may indicate a more bullish sentiment towards Uber.
August 20, 2024 | 4:00 pm
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Uber Technologies has experienced an 11.84% decrease in short interest, now at 2.16% of its float, which is below the peer average of 9.64%. This reduction may suggest a shift towards a more bullish market sentiment.
The decrease in short interest suggests that fewer investors are betting against Uber, which can be interpreted as a positive sign for the stock. Additionally, Uber's short interest is significantly lower than its peers, which may further support a bullish outlook.
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